Disney Acquires Comcast's One-Third Stake In Hulu For $8.61 Billion

ACQUISITION IMAGE: Mickey Mouse, Robert Iger & Randy Freer DATE: 11/02/2023 BUYER: Disney SELLER: Comcast SALE PRICE: $8,610,000,000 NOTE: Disney is set to acquire Comcast's one-third stake in Hulu for an expected $8.61 billion, consolidating full ownership of the streaming service, with the transaction anticipated to close later this year. This move aligns with Disney's streaming objectives and follows a process of appraisal to determine Hulu's fair market value. Disney's CEO, Bob Iger, has publicly expressed the company's commitment to expand its streaming presence, signaling a shift away from traditional television as Hulu continues to grow with its popular original content and subscription bundling strategies within Disney's streaming portfolio. Disney HQ: #Burbank #California Comcast HQ: #Philadelphia #Pennsylvania #VentureCapital #Disney #Comcast #MickeyMouse #RobertIger #RandyFreer #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC